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State distribution corporations (DISCOMs) have been granted permission by the Bihar Electrical energy Regulatory Fee (BERC) to buy 600 MW of solar energy (Tranche VIII) from the Photo voltaic Power Company of India (SECI) for a interval of 25 years on the charge. of Rs. 2.50/kWh and a buying and selling margin of Rs. 0.07/kWh.
On behalf of the state’s DISCOMs, the Bihar State Energy Holding Firm (BSPHCL) submitted a petition searching for clearance to buy 600 MW of photo voltaic power from SECI beneath the interstate transmission system (ISTS) program (Tranche VIII) for a interval of 25 years.
A young for the development of 1,200 MW of ISTS-connected solar energy crops (Tranche VIII) was printed by SECI in January 2020, the place, one of many successful bidders within the reverse public sale was SBE Renewable Fifteen, with a capability of 600 MW in quantity of Rs. 2.50/kWh.
In keeping with BSPHCL, the estimated renewable buy obligation (RPO) for photo voltaic electrical energy until FY 2029–30 exhibits a scenario of ongoing deficit, thus, the acquisition of photo voltaic power will assist in attaining its objectives. .
Additionally, the RPO trajectory from renewable sources has grown considerably consistent with BERC’s RPO Compliance Laws from 2010.
The Fee finds that CERC is the suitable Fee to approve the found tariff instantly as SECI sells such energy to different states, together with DISCOMs in Bihar, at a found worth.
It said that the revealed tariff from SECI is aggressive and far lower than the common energy buy price of state DISCOMs for FY 2022–2023.
BERC additionally mentioned that to be able to obtain the RPO aims, it’s inevitable to get renewable power on this occasion. Due to this fact, contemplating all the knowledge, the Fee accepted the acquisition of 600 MW of photo voltaic power from SECI.
As well as, topic to the approval of the Central Electrical energy Regulatory Fee, BERC accepted the draft energy promoting settlement (PSA) (CERC).
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